Youths Friends Association Inc
- Assets
- $8.7m
- Revenue
- $413.8k
- Investments
- $5.9m
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 07/1952
- Data as of
- 12/2023
- EIN
- 13-6097828
Organization Overview
Youths Friends Association Inc is located in Gloucester, MA. The organization was established in 1952. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youths Friends Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Youths Friends Association Inc generated $413.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $783.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peta Smit Santos President | 12 | $12,500 | |
Stephen C Smit Treasurer | 5 | $10,500 | |
Helen S Kirchen Vice President | 5 | $500 | |
Robert V Kirchen Director | 2 | $500 | |
Evan Kirchen Director | 2 | $500 | |
Lisa Smit Director | 2 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $384,703 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,393 |
| Capital Gain Net Income | $26,393 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,661 |
| Total Revenue | $413,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,874 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $40,933 |
| Printing and publications | $0 |
| Other expenses | $909 |
| Total operating and administrative expenses | $132,338 |
| Contributions, gifts, grants paid | $651,000 |
| Total expenses and disbursements | $783,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,214 |
| Savings and temporary cash investments | $2,697,884 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,717,563 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,660,034 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Youths Friends Association Inc has awarded $651,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE SCHOLARSHIPS PURPOSE: COLLEGE SCHOLARSHIPS | $48,000 |
GRANTS-YOUTH PROGRAMS PURPOSE: YOUTH PROGRAM GRANTS | $603,000 |